https://www.taxtmi.com/caselaws?id=114925 Refund of credit reversed on inputs used for exports was held admissible where the assessee had not availed Notification No. 203/92-Cus. benefits, had surrendered the value-based advance licences, and the unutilised licences were cancelled. Because no goods were imported against the licences and the notification benefit was never taken, credit reversal was not legally required. The Trade Notice was relied on to support refund where reversal was unnecessary, and the earlier ruling cited in the order was followed. The refund claim was therefore allowed. en-us Wed, 05 Jan 2005 00:00:00 +0530 Tue, 22 May 2012 13:20:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114925 Refund of credit reversed on inputs used for exports was held admissible where the assessee had not availed Notification No. 203/92-Cus. benefits, had surrendered the value-based advance licences, and the unutilised licences were cancelled. Because no goods were imported against the licences and the notification benefit was never taken, credit reversal was not legally required. The Trade Notice was relied on to support refund where reversal was unnecessary, and the earlier ruling cited in the order was followed. The refund claim was therefore allowed. Case-Laws Central Excise Wed, 05 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114925